Mechanical Ventilators Market Worth USD 5.5 Billion by 2022: Grand View Research, Inc.
The global mechanical ventilators market size is expected to reach USD 5.5 billion by 2022 according to a new report by Grand View Research Inc. The global market witnessed a significant growth over the past two decades, and it has been characterized by technological innovation and increasing preference for portable and home-care ventilators. Rapid growth in the geriatric population, increasing incidence of Chronic Obstructive Pulmonary Disease (COPD), rising incidence of respiratory emergencies, and technological innovation in respiratory care devices are the major factors driving the mechanical ventilators market. On the other hand, tight budgetary constraints faced by the ventilator manufacturers and healthcare service providers are the factors impeding this market growth. Technical advancements such as rapid innovation in the field of Positive Airway Pressure (PAP) devices, portability, and improvement in battery life of transport and portable devices...